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A Lula minister says that a single currency with Argentina is not being discussed now


The head of Planning said that there was a lot of noise, but that they are not working on it. She assured that Brazil has to "spend well what little you have."

The Brazilian Minister of Planning and Budget, Simone Tebet, said this Saturday that right now

the creation of a single currency with Argentina is not being discussed

, but she stressed that the country needs trade relations with Mercosur and the European Union to grow.

"At this first moment, a single currency for Brazil with Latin America or Argentina is not being discussed," Tebet said during a video intervention within the framework of the Luso-Brazilian business forum LIDE in Lisbon.

The minister considered that

"there was a lot of noise"

in the explanations on the subject, but defended that "it is nothing more and nothing less than what Brazil has always been doing in commercial and financial transactions."

He also stressed that in order to grow again and be competitive, Brazil cannot be alone: ​​"We need Portugal, Europe and Latin America," he said, after four years of "regression" in which trading partners were "ignored". .

"I am speaking especially

not only of Mercosur

, but also of Mercosur's relationship

with the European Union.

Putting the house in order from the fiscal point of view, with an emergency, to do the social thing," he said.

Tebet was a center-right candidate in the first round of the presidential elections and in the second she supported Luiz Inácio Lula da Silva, who after winning elected her as Minister of Planning.

Despite the "divergences" that exist between the two in economic policies, Tebet assured that there is

"total synergy"

in the social area.

"Ending misery, reducing poverty, removing Brazil from the hunger map" are the priorities established by Lula da Silva, he recalled, but

growth must also be "guaranteed"

because without it, neither employment nor income is generated.

"It also goes through fiscal rigidity and

I will be frugal

about that," he vowed.

Brazil has to

"spend the few resources it has well"


"We do not have the conditions to meet all the demands,

but managing also means choosing priorities and that is what we will do under the determination of the Government program."

Yes or no?

The possibility of a common currency between Argentina and Brazil was an issue that generated friction at the end of January, in the framework of Lula's trip to Argentina for the CELAC summit.

After various rumors, the presidents of both countries came to confirm that they were advancing in the creation of "a common South American currency" that will work for "financial flows" and "commercial" ones.

In reality, Minister of Economy Sergio Massa later explained that the new common South American currency "does not mean resigning the currency of each one of the countries but rather finding a common commercial denominator instrument that reflects the power of the Gross Product of the region."

With information from EFE


look also

Dollarization or common currency: before, a deep reform so that a new regime does not fail

Is a common currency possible in Mercosur?

Source: clarin

All business articles on 2023-02-04

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